Changing in the life style of population leads to various types of degenerative and chronic disease that affects the biological structure. In support to biological structure, various types of devices are implanted in human body that helps in replacing and enhancing the biological structure. These medical implants are man-made devices that are introduced in human body through surgical procedures and are left in the body after treatment.
These devices are mostly implanted in geriatric population suffering from organ degeneration. During Magnetic Resonance Imaging (MRI) procedure some implant devices may fail to provide necessary treatment and compromise on patient safety which can lead to severe harm or death of the patient. To overcome this problem, many companies are trying to develop various type of implantable devices with non-ferromagnetic materials that overcome the harmful effect of MRI on patient.
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Global MRI Safe Implantable Device Market: Drivers & Restraints
Global MRI safe implantable device market is witnessing high growth owing to shifting lifestyle choices, high incidence of degenerative and chronic disease, rising geriatric population and technology advancement in implantable devices such as high-field MRI, software applications, superconducting magnets and open architecture.
However, high cost of MRI safe implantable devices and inadequate reimbursement policies for MRI safe implantable devices may hamper the growth of MRI safe implantable device market over the forecast period.
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Global MRI Safe Implantable Device Market: Segmentation
Based on magnetic field strength
- High field MRI
- Low-to-mid field MRI
- Very-high-filed MRI
- Ultra-high-filed MRI
Based on product type
- Deep Brain Stimulation (DBS) Systems
- Spinal Cord Stimulators
- Implantable Cardioverter Defibrillators (ICDs)
- Orthopedic Implants
- Insulin Pumps
- Vascular Access
- Coils, Filters, Stents and Grafts
Based on procedure type
- Cardiovascular Procedures
- Orthopedic procedures
- Other procedures
Based on end user
- Ambulatory Surgical Centers
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Some of the key participating global players in global MRI safe implantable device market are Medtronic plc, Zimmer Holdings Inc., Abbott Laboratories, Cochlear Ltd., Biotronik, Boston Scientific Corporation, St. Jude Medical Inc, Smiths Medical, AbbVie, Inc., TriVascular2, Inc. Stryker Corporation, Smith And Nephew Plc, and Johnson & Johnson.
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